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Charles Rangel was pacing outside a congressional meeting room where members of the House of Representatives were haggling over the health-care bill. Inside, a boiler-room atmosphere had developed: no one was allowed to leave for anything other than a bathroom break or a vote until committee members came up with a way to pay for the health-care legislation that was being hammered out in Congress. Maintaining his usual sartorial discipline, Rangel was wearing a pearl gray suit with a checkered tie and gold tiepin; a crest of gray hair was slicked neatly over...

Author: /time Magazine | Title: Charles Rangel: The Lion of Harlem | 8/6/2009 | See Source »

...loans when Royal Bank of Scotland (RBS), Britain's largest taxpayer-funded lender, unveils first-half results later this week. After falling to a $40 billion loss last year, the largest in U.K. corporate history, RBS - more than two-thirds of it in government hands - should at least break even this time around, Maughan reckons. At the very least, it will be another report of improvement...

Author: /time Magazine | Title: For Britain's Banks, Latest Earnings Show an Uneven Recovery | 8/5/2009 | See Source »

...party format, which includes all of North Korea's direct neighbors, that Obama favors. "We must pay keen attention to what signal North Korea sent to Bill Clinton," says Yun Duk min, a professor at a think tank affiliated with the South Korean Foreign Ministry. "A key to break the stalemate may lie in there." (See pictures of North Koreans going to the polls...

Author: /time Magazine | Title: Can Clinton Reverse the U.S.–North Korea Downward Spiral of Diplomacy? | 8/5/2009 | See Source »

...winning in the first round, saying the only way the incumbent could get 50% of the vote would be if he resorted to "50 percent of [the corruption] he has planned." Sattar said that Abdullah supporters would greet a Karzai victory with mass protests and that deadly riots could break out. It was both a warning and a threat. And in a volatile country like Afghanistan, it indicated an all too plausible scenario that could derail all of democracy's accomplishments over the past seven years...

Author: /time Magazine | Title: Karzai's Challenger Dr. Abdullah Abdullah | 8/5/2009 | See Source »

...many fear that a candidate backed by Hamas would likely beat Abbas in presidential elections currently scheduled for early next year. Much of the Fatah rank and file and even many in the leadership believe that the only way the movement can be saved is to break with American tutelage and seek to reclaim the mantle of "resistance" from Hamas. The result is that the political statement adopted by the conference is unlikely to please the U.S. and Israel. (See pictures of the 2006 Palestinian election won by Hamas...

Author: /time Magazine | Title: Fatah Conference Aims to Boost Its Radical Credentials | 8/4/2009 | See Source »

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